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Maximising our Potential – Faroe Petroleum

Faroe Petroleum · Jun 30, 2014 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Maximising our Potential – Faroe Petroleum – slide 1
    Moving to the next level Share Placing June 2014
  2. Maximising our Potential – Faroe Petroleum – slide 2
    Share placing moving to the next level Faroes strategy is delivering exceptional results Two significant exploration successes in Snilehorn and Pil in recent months Schooner and Ketch acquisition will deliver valuable, tax efficient…
  3. Maximising our Potential – Faroe Petroleum – slide 3
    Use of proceeds Enhance Participate in Pil followup programme exploration & Commit to & drill 4 additional wells in 201516 appraisal Retain material interests in key wells Progress existing discoveries of up to 52 mmboe Move 2C…
  4. Maximising our Potential – Faroe Petroleum – slide 4
    Strategy is delivering solid growth in core value 2010 to 2014 track record is outstanding Production increased fourfold through a combination of acquisitions and swaps 2P Reserves increased eightfold through combination of FDPs,…
  5. Maximising our Potential – Faroe Petroleum – slide 5
    Faroes growth model building core value and scale Prospective Resources 2C Resources 2P Reserves Production Licence awards 4 5 E&A wells per year FDP sanction Valueaccretive maintain success 1 in 3 discovery rate Highly selective…
  6. Maximising our Potential – Faroe Petroleum – slide 6
    Enhance exploration & appraisal Expected drilling programme: current outlook Continuous drilling: 10 E&A wells during next 2.5 years (4 to 5 targeted per annum) Balance of lowrisk highvalue stepout exploration, highimpact wells and…
  7. Maximising our Potential – Faroe Petroleum – slide 7
    Enhance exploration & appraisal Pil: significant exploration success Significant success announced in March 2014 Faroe 25% Initial wellbore: gross columns ca 135m of oil and 91m of gas Well test flowed at a stable rate of 6,710…
  8. Maximising our Potential – Faroe Petroleum – slide 8
    Move 2C Contingent Resources to 2P Reserves Current 2C Contingent Resource Estimate summary Maximise project values through relatively lowcost predevelopment activities Estimated Net 2C Resources Faroe Observations (mid case est.)…
  9. Maximising our Potential – Faroe Petroleum – slide 9
    Build production base Producing assets Diversified production base with infill and near field upside potential to boost production Brage Oil field in Norwegian Sea Wintershall operated (Faroe: 14.25%) 2P Reserves (01/01/14) Infill…
  10. Maximising our Potential – Faroe Petroleum – slide 10
    Executive team Graham Stewart Chief Executive Officer Instrumental in founding Faroe Petroleum in 1998 Over 25 years experience in oil and gas technical and commercial affairs Previously finance director and commercial director at…

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